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MORNING NOTE 27 DEC 2010

DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close Chg Chg
! Sharp India to implement new business model in India
Sensex 20029 -45 -0.22%
Nifty 5998 -14 -0.23%
! Fortis Healthcare to establish specialty medical centers
Midcap 7614 -13 -0.17% ! Union Bank revises Base Rate by 50 bps to 9.00%
Smallcap 9374 20 0.21% ! No decision on hiking fuel prices yet: Mukherjee
! ONGC plans to pick-up additional 27.5% stake in Pawan Hans
VALUE TRADED (Rs Crs) Chg
! RCF to acquire 25% stake in Oleniy Ruchey rock phosphate mine, Russia
BSE 3065 2.85%
NSE 9330 -6.67%
F&O Total 106622 -3.46% MARKET INSIGHTS
On Monday Dec 27, 2010,The Indian equity markets ended the day in the red after trading
NET INFLOWS (Rs Crs) Chg firm for most part of the session. The trade, however, remained range bound throughout the
FIIs 246 1562% session. Earlier in the morning, the benchmarks extended their gains after making a flat start
DIIs (114) -62% tracking strong cues from most of the regional peers despite China's central bank's move to
hike key rates over the weekend. The markets extended their early gains and hit three-week
FII OPEN INTEREST (Crs) Chg highs in mid-morning session supported by firm Asian counterparts. The trade remained
FII Index Futures 20103 0.63% range bound with a positive bias in the late-morning session tracking mixed cues from the
regional peers. It was the late afternoon session when domestic markets started feeling
FII Index Options 57647 -0.28%
selling pressure and slipped into the red as down-tick of around 2% in China's Shanghai
FII Stock Futures 36148 -0.09% Composite spread jitters across local equities. In the final hours of trade, markets took cues
FII Stock Options 784 -0.73% from European markets which fell in early trade, making the Nifty to once again close below
6,000-mark, though there was some pullback in last half an hour of trade, but it was too little
World Indices Chg to help the markets to shut shop in the green. The broader indices that were holding their
Dow Jones 11555 -0.16% neck in the green during most part of the day, also came off their day's high in late trades.
Nasdaq 2667 0.05%
The BSE Sensex fell 44.73 points or 0.22% to settle at 20,028.93 (Provisional) while the
FTSE 100 6009 0.22%
S&P CNX Nifty dropped 18.60 points or 0.31% to end at 5,993.00 (Provisionally). The
BSE Sensex touched a high and a low of 20,190.13 and 20,010.33 respectively. There were
Commodity Chg 11 advances against 19 declines on the index. The S&P CNX Nifty touched a high and a
Crude Oil (US$/bl) 94.0 -99.19% low of 6,045.75 and 5,991.10, respectively (Provisional). There were 20 advances against
Gold (US$/oz) 1391.0 -47.82% 30 declines on the index. (Provisional)

In the BSE sectoral space, Healthcare up 0.61%, IT up 0.25% and CD up 0.23%

Top Movers Close Price Chg
remained the only gainers while Metal down 1.24%, Realty down 0.82%, PSU down
AMBUJACEM 144 2.2 0.51%, Power down 0.35% and FMCG down 0.30% remained the major laggards on the
CIPLA 371 2.01 BSE sectoral space. The broader indices ended on a mixed note; the BSE Mid-cap index
SUNPHARMA 478.35 1.07 shed 0.17% while the Small-cap index advanced 0.21%. There were 1443 advances
SESAGOA 319.45 1.04 against 1373 declines on the index. (Provisional).
BAJAJ-AUTO 1457.5 0.87
Asian equity indices finished the day's trade mostly in the positive terrain on
Monday shrugging off China's interest rate hike announced over the weekend. Jakarta
Top Losers Close Price Chg Composite rose 13.74 points or 0.38% to 3,625.27, KLSE Composite was up 0.14 points or
SAIL 177.15 -4.14 0.01% to 1,511.72, Nikkei 225 surged 76.80 points or 0.75% to 10,355.99, Straits Times
RCOM 136.95 -3.52 increased 15.56 points or 0.49% to 3,159.36 and Taiwan Weighted jumped 31.21 points or
STER 178.75 -3.35 0.35% to 8,892.31. On the flip side, Shanghai Composite declined 53.76 points or 1.90%
to 2,781.40 and Seoul Composite shed 7.41 points or 0.37% to 2,022.19.
RELINFRA 794.15 -2.59
RPOWER 152.3 -2.06

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Morning Notes
make more, for sure.
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TECHNICALLY SPEAKING: The Indian equity markets ended the day in the red after trading firm for most part of the session. The trade,
however, remained range bound throughout the session. It was the late afternoon session when domestic markets started feeling selling pressure and
slipped into the red as down-tick of around 2% in China's Shanghai Composite spread jitters across local equities .
.
FAVORED TOT UP: Remember we have said that range bound scenario between 5690-6070 could be more justified at this stage. From the
last few trading sessions spot index witnessed some suggestive buying from the lower levels. For the upcoming sessions we believe the same
scenario though 6060-6066 could be the crucial resistence zone. For any major upside potential near to 6200 we believe spot index should close
above 6070 for at least two consecutive days with substantial volumes.

VARIED TOT UP: On the flip side any sell off from current levels may drift indices towards 5800 level where we might see some sort of
consolidation. Any drift below this may open the flood gates and possibility of sharp slide near to 5690-5700 should be on higher side. HAPPY
TRADING......
T O D A Y 'S M A R K E T L E V E L S
In d e x S u p p o rt 2 S u p p o rt 1 P re v io u s C lo s e R e s is ta n c e 1 R e s is ta n c e 2 T re n d
SEN SEX 19555 19836 20029 20218 20453 R ang ebo und
N IF TY 5930 5960 5998 6035 6070 R ang ebo und

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend

BANK NIFTY 11147 11294 11485 11635 11812 Rangebound
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Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

ASHIMA 6.7 6.65 6.5 6.75 6.85 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SELMCL 22.55 22.3 21.9 22.6 22.9 Rangebound

Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

PARAL 270.55 267 263 271 275 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

NRC 8.4 8.5 9 8 7.5 Rangebound

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
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Morning Notes
make more, for sure.

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Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
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